UPSA lecturer honoured at 2022 Emerald Literati Awards

BY: Graphic Business
Michael Insaidoo - Lecturer, Department of Banking and Finance, UPSA

A LECTURER at the Department of Banking and Finance of the University of Professional Studies, Accra, Michael Insaidoo, has received global recognition for Outstanding Paper in the 2022 Emerald Literati Awards.

The Emerald Literati Awards, active for 30 years, is a global award which celebrates and rewards the outstanding contributions of authors and reviewers to scholarly research.

His research paper, "Stock market performance and COVID-19 pandemic: Evidence from a developing economy," published in the Journal of Chinese Economic and Foreign Trade Studies, was elected the most impressive piece of work by the Editorial Board of Emerald Publishing.

The Paper

The Outstanding Paper Awards have been the backbone of the Emerald Literati Awards for Excellence, acknowledging scholarly research that creates impact and generates real change beyond academia.

In the award-winning article, Mr Insaidoo and his co-authors assessed the impact of the novel COVID-19 pandemic on the performance of the Ghana stock market using daily time series data from January 2 2015 to October 13, 2020. The paper employed the exponential generalised autoregressive conditional heteroscedasticity (EGARCH) model in its analysis.


The study revealed, among other findings, that the pandemic had occasioned an increase in the Ghana stock market returns volatility by 8.23 per cent. The paper highlighted policy implications in the light of the findings.


Mr Insaidoo is an economist and a lecturer at the UPSA’s Department of Banking and Finance. He has over 10 years of experience in teaching and research, as well as administration.

Prior to joining UPSA, he had extensive professional experience spanning freight forwarding, banking, printing and advertising, and civil society organisations.

Mr Insaidoo, who hails from Saltpond in the Central Region, is a PhD in Economics candidate at the University of Cape Coast.

He is the recipient of the prestigious Dutch government’s Nuffic scholarship under which he completed a Master of Arts in Economics of Development from the International Institute of Social Studies, which is part of Erasmus University in the Netherlands.

He also holds a Bachelor of Arts in Economics from the University of Ghana and a product of St. Augustine’s College in Cape Coast.

He teaches Economics and quantitative-related courses at UPSA, and has been the course lead for many of these courses.

Mr Insaidoo’s research focuses on financial crisis, financial economics, financial markets, development economics, and energy economics.

His research works have appeared in various internationally ranked journals and serves as an ad hoc reviewer for a number of journals published by Elsevier, Taylor & Francis and Wiley.

He has also conducted collaborative studies with institutions such as the African Economic Research Consortium (AERC), based in Kenya.